GRWG Attempt at Bounce?
Looks like a nice setup for a quick play, with nice .618 bounce and some seemingly easy diagonals. I don't see a triangle formation, but the lines are there.
Many different patterns possible here. Initial wave looks like a 5 wave move, but alternatively labelled as WXY. Nice .618 bounce, suggesting that we could see bullish continuation. I'm leaning to a C wave up, though we could get another 1-2 or even an immediate 3. The latter is the least likely.
Also possible, is immediate continuation to the downside. The C wave into .618 is not confirmed completed.
Here is how I see this chart, for those who don't 'see' EW...:
Many different patterns possible here. Initial wave looks like a 5 wave move, but alternatively labelled as WXY. Nice .618 bounce, suggesting that we could see bullish continuation. I'm leaning to a C wave up, though we could get another 1-2 or even an immediate 3. The latter is the least likely.
Also possible, is immediate continuation to the downside. The C wave into .618 is not confirmed completed.
Here is how I see this chart, for those who don't 'see' EW...:
🅱🄰🆁🅺🆆🄾🆁🆃🅷
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.